This morning, I rise in support of middle class Americans. As Americans continue to face economic challenges, the deadline looms for extending middle class tax cuts that provide relief where it is most needed; but congressional Republicans are holding these middle class tax cuts hostage in favor of tax breaks for the wealthiest 1 percent of Americans, burdening our children and our grandchildren with unsustainable debt. Their argument for millionaire tax breaks: it will trickle down to the middle class and create jobs. But if that were true, America would not be in the economic situation it is in now. If personal tax cuts for the very wealthy create jobs-- and they've had them for 10 years--where are those jobs? Congressional Republicans have made it quite clear that they are willing to hold up tax breaks for middle-income families to protect multi-millionaires. Republicans talk about reducing our deficit, but they are perfectly happy to balloon the deficit by $700 billion to give tax breaks to the richest Americans. In the coming weeks, we will see if Republicans stand up for middle class Americans or if they stand against them.
Editor's note · Context
The speaker addresses the need to extend middle class tax cuts amid economic challenges.
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